Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$GPRO, $LULU, $NVAX, $ORCL, $WFC
Daily HeffX-LTN reviews Wall Street analysts research reports to find new investing and trading ideas for our readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid.
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Monday, as follows:
GoPro Inc. (NASDAQ:GPRO) analysts started as Buy at Merrill Lynch. The consensus price target is 12.25, and the 52-wk trading range is 8.62 – 35.89.
Lululemon Athletica Inc. (NASDAQ:LULU) was started as Positive with a 77 price target at Susquehanna. It has a consensus price target of 72.14 and a 52-wk trading range of 43.14 – 81.81.
Novavax Inc. (NASDAQ:NVAX) last seen down a sharp 80% + after its vaccine missed its primary and secondary endpoints. Downgrades were plentiful and from the likes of Piper Jaffray, Citigroup, JPMorgan, Wedbush Securities and Ladenburg Thalmann. The consensus analyst price target was well above 10, based on belief the trial would do well. The old 52-wk trading range was 4.08 – 10.70, and it was mid-2013 that Novavax was last under 2.
Oracle Corp. (NYSE:ORCL) RBC Capital Markets reiterated its Outperform rating and 42 target, and Nomura reiterated its Buy rating and 45 target. Oracle’s 52-wk trading range is 33.13 – 42.00.
Wells Fargo & Co. (NYSE:WFC) continues to face pressure after its fake account scandal. The stock was downgraded to Underweight at Atlantic Equities.The 52-week range is 44.50 – 56.34, and the consensus price target is 44.50 – 56.34.
Have a terrific week
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